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(IndoRama) Indo Rama complete technical analysis [charts+indicators] | Buy/Sell Indo Rama | (IndoRama) share price targets

Complete technical analysis of Indo Rama (IndoRama) by charts plus indicators, forecast predictions and share price targets for Indo Rama (IndoRama)

Showing technical analysis as on 2022-05-19 View latest technical analysis

10 day averaged volume of Indo Rama is 263504

Date Daily Closing Price Open High Low Volume
19 Thu May 2022 67.50 69.50 69.50 66.40 0.189 times
18 Wed May 2022 69.55 71.55 73.55 68.80 0.307 times
17 Tue May 2022 71.45 70.55 72.65 69.40 0.287 times
16 Mon May 2022 70.05 68.65 71.55 68.65 0.33 times
13 Fri May 2022 68.95 67.90 71.65 67.90 0.39 times
12 Thu May 2022 66.65 66.00 68.30 64.60 0.71 times
11 Wed May 2022 67.70 70.20 73.30 65.55 1.926 times
10 Tue May 2022 71.20 77.85 77.85 70.20 1.201 times
09 Mon May 2022 74.85 77.00 77.30 73.85 0.841 times
06 Fri May 2022 78.15 78.00 79.50 76.60 1.124 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.6, but if it comes above 69.6, then a intra day buy could be more profitable.
If you take a sell trade below 69.6, then use 69.6 as stoploss and 63.7 as target. However if you take a buy trade in stock , then use 69.6 as stoploss and 74.59 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.65
Downside Target 59.85
Downside Target 64.60
Downside Target 66.40
Upside Target 71.00
Upside Target 72.60
Upside Target 77.85
Upside Target 83.60
Upside Target 85.00
Upside Target 85.90
Upside Target 86.25
Upside Target 90.25

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 64.75
Downside Intraday Target 62
Upside Intraday Target 71.9
Upside Intraday Target 76.3
Upside Intraday Target 69.15

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
19 Thu May 2022 67.50 68.65 73.55 66.40 0.22 times
13 Fri May 2022 68.95 77.00 77.85 64.60 0.938 times
06 Fri May 2022 78.15 78.20 85.00 75.00 1.595 times
29 Fri Apr 2022 79.80 76.15 86.25 74.70 2.763 times
22 Fri Apr 2022 78.15 82.40 83.60 71.00 1.768 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indo Rama (IndoRama)

Date Monthly Closing Price Open High Low Volume
19 Thu May 2022 67.50 78.20 85.00 64.60 1.683 times
29 Fri Apr 2022 79.80 66.90 86.25 66.45 1.911 times
31 Thu Mar 2022 65.65 64.25 72.60 59.85 0.482 times
28 Mon Feb 2022 66.95 80.90 85.90 60.25 0.572 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Indo Rama (IndoRama)

Indicator Name Indicator Value Indicator Signal
ADX 19, 23, 8 Sell
MACD -2, -1Sell
Stochastics 26Sell
CCI -83Sell
RSI 51Buy
OBV -376747Sell
VWAP 71Sell
ADL 0Sell
ROC -17Sell
Force Index 0Sell

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indo Rama ( (IndoRama) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Indo Rama in short term and the sell signal is strong.

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indo Rama in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Indo Rama is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71 and Indo Rama (IndoRama) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Indo Rama (IndoRama) stock. Volume based technical analysis of Indo Rama (IndoRama) stock is negative.

Indo Rama Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Indo Rama charts

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Daily charts

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Daily chart

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